So last 3 weeks tcs was on bearish mode , even when nifty reached new highs tcs was still on bearish mode , but we all knew that it was not gonna be like that for a long time as soon as nifty fell 384 points from its high, tcs tested its 3150 support instantly it went up by 60 points with a hr even though nifty was falling and all other stocks were on bearish...
As you all can see there is a symmetrical triangle pattern forming in Kotak bank which can lead to a break out on either side but as you can see that 1626 recently acted as a strong support and it has taken support on the trend lines down side 4 times and upside trend line it has acted as restitance 4 times , so if it break above 1730 we can see a strong breakout...
if it breaks the channel either side we will see huge move :)
I am NOT A FINANCIAL ADVISOR. This analysis is done on the bases of pure use of lines and basic knowledge. Enjoy the benefits!
So lets look at the trend , if it doesnt break the bull trend as mentioned above , then it can test again upside target or else if it breaks trend we can again see it hit the support of 13$ and another good opportunity . Hope this is helpful for someone who is about to enter :)
I am NOT A FINANCIAL ADVISOR. This analysis is done on the bases of pure use of lines...
So for last few weeks Hdfc bank was very bearish and had a great gap down , and it is expected to sustain the 1400 levels , and we can see a good buy opportunity around 1400 to 1420 region and keep stop loss as 1390 and target as 1450 - 1500 for the aug month expiry , we can expect a good moves in upcoming weeks , have a good profitable weekend :D
Note: The above...
I would say looking at the Trend it looks like absolute buy opportunity in Bank Nifty in coming week ahead , the first resistance would be 35000 levels which acted as previous support just stay caution there it has possibility to reverse again from there , or it can break that and test the 35500 resistance levels again. so from tomorrow buy above 34600 and...
